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Panama budget will surge to $14 billion next year

Wednesday, July 20, 2011


Panama’s national budget for next year could increase be $1 billion to more than $14 billion.

Alberto Vallarino, the finance minister, said that the total includes swending on central government, state-owned companies, autonomous bodies and financial intermediaries.

Vallarino emphasized that the approval of fiscal reforms “has given the government unprecedented capacity to invest.”

 

Original source (in Spanish): La Estrella